Series 63 practice questioneasybooks and records
Which of the following records must an investment adviser always keep under the USA?
- AA copy of each advertisement sent to 10 or more persons✓ Correct answer
- BTax returns for each client
- CA copy of all securities certificates
- DPersonal bank account statements of the adviser
Explanation
Why A — A copy of each advertisement sent to 10 or more persons
Advisers must keep copies of advertisements distributed to 10 or more persons (Rule 204-2). Tax returns and personal bank statements are not required. Securities certificates themselves are not required, unless related to client accounts.
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